'Will bring together cost attitude of Tata Motors with the design and sophistication of JLR'
Restructuring of domestic operations over the next year, new launches, higher sales at subsidiary Jaguar Land Rover (JLR), and further deleveraging are key triggers for the stock
Prices of 'flagship car' and its sport variant will reduce by 18-22%, say senior executives of Tata Motors-owned company
The shareholder approval will pave the way for Tata Motors to convert its shares with DVR into ordinary shares and thereby simplify its capital structure
The MAX BESS can charge up to nine Range Rover PHEVs at a time and can be recharged using a standard EV charger
Company expects to improve EV penetration and expand margins in CV segment
Tata Motors-owned Jaguar Land Rover (JLR) on Wednesday reported an 81 per cent jump at 4,436 units in its retail sales in India in the fiscal ended March 31, 2024. The year-on-year growth of 81 per cent represents one of the best performances in the market since the company's launch in India in 2009 and its highest in the last five years, JLR India said in a statement. Retail sales of SUVs, Range Rover, and Defender continued to grow with year-on-year increases of 160 per cent and 120 per cent respectively, it added. The newly launched 2024 model year 'Discovery Sport' and 'Range Rover Evoque' grew by 50 per cent and 55 per cent year-on-year respectively, the company said. JLR India Managing Director Rajan Amba said during the past year, JLR India achieved a series of retail sales records, resulting in a strong full year position for the year ended March 31, 2024. "We remain confident in our strategy and vision for the years to come. The positive gains we have made in the last yea
The company will be transformed into two listed firms with the commercial vehicles (CVs) business in one and passenger vehicles (PVs), including Jaguar Land Rover (JLR), in the other
The company said work would start this year on the automaker's first three UK solar projects in Gaydon, Halewood and Wolverhampton, which should be completed by the end of 2026
Tata Communications has already commenced implementation of the network transformation program and will complete the deployment by 2025
During the quarter under review, the company's revenue from operations increased by 32 per cent to Rs 105,128 crore, up from Rs 79,611 crore during the July to September period of 2022-23
On track to pare debt, analysts expect it to have Rs 2K cr cash on the books by end-FY25
Sequentially, both wholesales and retail sales increased
Tata Motors-owned Jaguar Land Rover (JLR) aims to launch eight battery electric vehicles (BEVs) in India by 2030, according to a senior company executive. The company currently sells one electric model -- Jaguar I-Pace -- in the country. In an interaction with PTI, JLR Chief Commercial Officer Lennard Hoornik said the automaker will commence taking orders for the Range Rover BEV for the Indian market next year with deliveries expected to begin in 2025. "We are planning to introduce at least 8 BEVs by the end of the decade in India," he noted. The British automaker, a wholly-owned subsidiary of Tata Motors since 2008, aims to become a net-zero carbon business globally by 2039. Terming the Indian market a "big strategic priority" for the automaker, Hoornik noted that the country is in the right direction when it comes to transitioning into electric mobility. He said subsidy push in the initial phase, setting up the right amount of charging infrastructure and having a great product
The collaborations for the battery plant, capable of supplying cells for at least 500,000 vehicles a year, could range from a joint venture and sharing of knowledge to experimentation
The commercial vehicle volumes were lower by 15% over the prior year due to the transition to BS-VI Phase-2
Performance rides on 209% growth in the Range Rover, Range Rover Sport, Defender sales
On Wednesday, Tata Group announced plans to set up a $5 billion electric vehicle battery plant in the UK that will have JLR and Tata Motors as anchor customers
Wholesale, retail volumes up 30% and 29%, respectively
Tata Motors-owned Jaguar Land Rover on Friday reported 29 per cent rise in retail sales in the first quarter ended June 30 at 1,01,994 units, as compared to the same period a year ago. The growth reflects continuing improvement in chip and other supply constraints, Tata Motors said in a regulatory filing. Wholesales, excluding those of Chery Jaguar Land Rover China JV, were at 93,253 units in the first quarter, up 30 per cent as compared to the year-ago period. "The order book remained strong with over 1,85,000 client orders at quarter end, reducing from 2,00,000 at March 31, 2023 in line with expectations, as chip and other supply constraints continue to improve," the company said. Range Rover, Range Rover Sport and Defender demand remains particularly strong, representing 76 per cent of the order book, it added.